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Recruiter's Glossary

Examples: Bullion • Liquidity • Debasement

Precious Metal Trading Terms

Understanding these terms will help you better evaluate candidates and communicate with hiring managers

Allocated Storage

Bullion

Segregated Storage

Liquidity

Delivery Bar

Contango

Fine Gold

Backwardation

Sovereign Mint

Troy Ounce

Fineness

Specific Gravity

Hedging

Numismatic Value

Good Delivery

Melt Value

Weight Tolerance

Fire Assay

Purity Testing

Proof Coins

Karat

XRF Testing

Bid-Ask Spread

Debasement

ETF

COMEX

Benchmark Price

Chain of Custody

Market Maker

Sterling Silver

Assay

Spot Price

Physical Delivery

Serial Number

Option Contract

Forward Contract

Rehypothecation

Base Metals

Private Mint

Unallocated Storage

LBMA

Hallmark

Counterparty Risk

Fix Price

Premium

Certificate of Authenticity

Uncirculated

Custodian

Futures Contract

Settlement Date

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